On October 1, 2026, the Board of Directors of Rhinebeck Bank provided notice of non-renewal to each employee holding a change in control agreement, including Kevin Nihill, Executive Vice President and Chief Financial Officer. The agreements will expire on December 31, 2027. This decision is part of a broader corporate philosophy shift to revise and update terms for such contracts and does not reflect individual performance evaluations or anticipated management changes. Rhinebeck Bancorp operates as a bank holding company in the financial services industry.
